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20121010
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romney and i do share encouraging small business growth. in the time my tax plan already lowered taxes for 98% of families, i also lowered taxes for small businesses 18 times. and what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. >> i talked to a guy who has a very small business. he is in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes. federal income, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspeaken regulars here to discuss. app entrepreneur and best-selling author, find him at rural 1 investing upon the com. carol roth, can you find her at carolroth.com. good to you you guy he. >> you too, j. >> i think it is clear that romney ran all over obama. from a small business owner's persp
. >> now you're starting to blow my mind. >> how do you track your taxes. >> i pay my sales tax but for my 2011 taxes, i just guessed. >> you guessed? >> guestimated an amount. >> i think i guessed high. >> that's a technical foul, we call it. >> let's go look at the books. >> show us where they are. literally. i want to see it. >> this is the office? >> yes. >> this is where it all happens. i'm glad to see you have accounting records. >> those aren't mine. that's the previous business owner. >> okay. >> these are mine right here. >> all right. it looks like you followed their system. >> they headed back upstairs where dawn got erica started on a quickbooks account. >> hit finish. >> all right. >> now we've created the bank account. >> be brutally honest with me. erica is upstairs. >> sure. >> what's your first impression? >> hot mess. first interpretation of what i've seen here. not, again, not abnormal but frightening. >> can a business operate like this? >> well, they can for not very long. they won't be in business very long like this. >> okay. you feel confident we can fix it, get her
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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